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LuciusCY
2022-12-02

Futures Slip After November Jobs Report, with Nasdaq Futures Dropping over 2%

U.S. stock index futures edged lower on Friday. Payrolls rose by 263,000 in November, more than expe

Futures Slip After November Jobs Report, with Nasdaq Futures Dropping over 2%

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Marvell also issued a weaker than expected outlook. Inventory</p><p><a href=\"https://laohu8.com/S/ZS\">Zscaler</a> – The cloud security company reported a better than expected quarter, but its stock slumped 9.1% in premarket trading following conservative guidance. Zscaler said customers are taking longer to close new deals, and that it faces other headwinds as well.</p><p><a href=\"https://laohu8.com/S/HZNP\">Horizon Therapeutics</a> – The drug maker’s shares added 3.2% in premarket action afterSanofi(SNY) said that if it decided to make an offer for Horizon, it would be an all-cash offer. Horizon shares had soared 27.3% last Friday on news that it was in talks with several potential takeover partners.</p><p><a href=\"https://laohu8.com/S/DASH\">DoorDash</a> – DoorDash shares fell 2.8% in premarket trading after RBC Capital Markets downgraded the stock to “sector perform” from “outperform.” RBC praises the delivery service’s execution and management but says it is uncomfortable with the current valuation given the potential for order deceleration.</p><p><a href=\"https://laohu8.com/S/RIGL\">Rigel Pharma</a> – Rigel’s stock soared 34% in the premarket after the FDA approved its drug to treat a certain type of leukemia.</p><p><a href=\"https://laohu8.com/S/OPEN\">Opendoor Technologies</a> – The digital real estate platform operator named Chief Financial Officer Carrie Wheeler as its new CEO, replacing company co-founder Eric Wu. Wu will transition into the role of “president of marketplace.” Opendoor lost 2.7% in premarket action.</p><p><a href=\"https://laohu8.com/S/PD\">PagerDuty</a> – The cloud computing company’s stock jumped 6.6% in premarket trading after it reported an unexpected quarterly profit.</p><p><a href=\"https://laohu8.com/S/ASAN\">Asana</a> – The work management platform operator forecast weaker than expected current quarter sales, stemming from what it called “macroeconomic cross currents.” Asana slumped 14.4% in the premarket.</p><p><a href=\"https://laohu8.com/S/OC\">Owens Corning</a> – The building and construction materials maker announced a 50% quarterly dividend increase to 52 cents per share, as well as a buyback program of up to 10 million shares.</p><h2>Market News</h2><h3>Buffett-Backed BYD Reported Nov Sales Growth of ~153% Y/Y</h3><p><a href=\"https://laohu8.com/S/BYDDY\">BYD</a> sold 230,427 new energy vehicles (NEVs) in November, a new all-time high and the third consecutive month of over 200,000 units.</p><p>This is up 152.61 percent from 91,219 vehicles in the same month last year and up 5.8 percent from 217,816 vehicles in October, according to an HKEX announcement today.</p><h3>Tesla Delivers First Semi Truck to PepsiCo</h3><p><a href=\"https://laohu8.com/S/TSLA\">Tesla</a> announced at an event late on Thursday the delivery of its first electric semis to <a href=\"https://laohu8.com/S/PEP\">PepsiCo</a>.</p><p>The 500-mile range Tesla Semi features three electric motors, with one of them driving the truck for most of a trip and the other two used mostly for acceleration, torque and hard pulling. Tesla Semi Program manager Dan Priestley detailed that the three motors are used to create a smooth driving experience that will be unique for a Class 8 truck. The company has said previously the Semi can achieve better than 2 kWh-per-mile efficiency, which works out to about $70K in fuel savings per year depending on their cost of electricity.</p><h3>RBC Capital Downgrades DoorDash Due to Tough 2023 Setup</h3><p><a href=\"https://laohu8.com/S/DASH\">DoorDash</a> fell in early trading on Friday after RBC Capital Markets cut its rating on the food delivery specialist to Sector Perform from Outperform.</p><p>Analyst Brad Erickson and team said they are not playing themacro card with the downgrade but pointed to a combination of evidence of slowing core order growth, limited EBITDA downside support and channel checks that indicated Uber is competing better in Manhattan as a proxy for overall performance.</p><h3>Marvell Stock Sinks as Earnings Fall Short</h3><p><a href=\"https://laohu8.com/S/MRVL\">Marvell Technology</a> shares were sinking 6% premarket after the data-center semiconductor firm’s earnings and outlook disappointed Wall Street. The company said makers of storage equipment are reducing their stockpiles of chips, hurting its near-term results.</p><p>Marvell reported October quarter non-GAAP net income of $491.5 million, or 57 cents a share. Analysts polled by FactSet had forecast adjusted earnings of 59 cents a share. Revenue of $1.54 billion was a touch below estimates of $1.55 billion.</p><h3>UiPath Stock Pops 14% Premarket As Results Top Street View</h3><p><a href=\"https://laohu8.com/S/PATH\">UiPath Inc.</a> shares rallied 9.8% in premarket trading after the “software robot” provider’s quarterly results and outlook topped Wall Street estimates.</p></body></html>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Futures Slip After November Jobs Report, with Nasdaq Futures Dropping over 2%</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nFutures Slip After November Jobs Report, with Nasdaq Futures Dropping over 2%\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1079075236\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Tiger Newspress </p>\n<p class=\"h-time\">2022-12-02 21:35</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<html><head></head><body><p>U.S. stock index futures edged lower on Friday. Payrolls rose by 263,000 in November, more than expected despite Fed rate hikes.</p><h2>Market Snapshot</h2><p>Dow e-minis were down 452 points, or 1.31%, S&amp;P 500 e-minis were down 56.5 points, or 1.38%, and Nasdaq 100 e-minis were down 260.25 points, or 2.16%.<img src=\"https://static.tigerbbs.com/768cdb0d0b04beedf1d7fccd08a7ae8c\" tg-width=\"1080\" tg-height=\"371\" referrerpolicy=\"no-referrer\"/></p><h2>Pre-Market Movers</h2><p><a href=\"https://laohu8.com/S/MRVL\">Marvell Technology</a> – The chip maker’s stock slid 4.9% in the premarket after quarterly sales and profit fell short of Wall Street estimates. Marvell also issued a weaker than expected outlook. Inventory</p><p><a href=\"https://laohu8.com/S/ZS\">Zscaler</a> – The cloud security company reported a better than expected quarter, but its stock slumped 9.1% in premarket trading following conservative guidance. Zscaler said customers are taking longer to close new deals, and that it faces other headwinds as well.</p><p><a href=\"https://laohu8.com/S/HZNP\">Horizon Therapeutics</a> – The drug maker’s shares added 3.2% in premarket action afterSanofi(SNY) said that if it decided to make an offer for Horizon, it would be an all-cash offer. Horizon shares had soared 27.3% last Friday on news that it was in talks with several potential takeover partners.</p><p><a href=\"https://laohu8.com/S/DASH\">DoorDash</a> – DoorDash shares fell 2.8% in premarket trading after RBC Capital Markets downgraded the stock to “sector perform” from “outperform.” RBC praises the delivery service’s execution and management but says it is uncomfortable with the current valuation given the potential for order deceleration.</p><p><a href=\"https://laohu8.com/S/RIGL\">Rigel Pharma</a> – Rigel’s stock soared 34% in the premarket after the FDA approved its drug to treat a certain type of leukemia.</p><p><a href=\"https://laohu8.com/S/OPEN\">Opendoor Technologies</a> – The digital real estate platform operator named Chief Financial Officer Carrie Wheeler as its new CEO, replacing company co-founder Eric Wu. Wu will transition into the role of “president of marketplace.” Opendoor lost 2.7% in premarket action.</p><p><a href=\"https://laohu8.com/S/PD\">PagerDuty</a> – The cloud computing company’s stock jumped 6.6% in premarket trading after it reported an unexpected quarterly profit.</p><p><a href=\"https://laohu8.com/S/ASAN\">Asana</a> – The work management platform operator forecast weaker than expected current quarter sales, stemming from what it called “macroeconomic cross currents.” Asana slumped 14.4% in the premarket.</p><p><a href=\"https://laohu8.com/S/OC\">Owens Corning</a> – The building and construction materials maker announced a 50% quarterly dividend increase to 52 cents per share, as well as a buyback program of up to 10 million shares.</p><h2>Market News</h2><h3>Buffett-Backed BYD Reported Nov Sales Growth of ~153% Y/Y</h3><p><a href=\"https://laohu8.com/S/BYDDY\">BYD</a> sold 230,427 new energy vehicles (NEVs) in November, a new all-time high and the third consecutive month of over 200,000 units.</p><p>This is up 152.61 percent from 91,219 vehicles in the same month last year and up 5.8 percent from 217,816 vehicles in October, according to an HKEX announcement today.</p><h3>Tesla Delivers First Semi Truck to PepsiCo</h3><p><a href=\"https://laohu8.com/S/TSLA\">Tesla</a> announced at an event late on Thursday the delivery of its first electric semis to <a href=\"https://laohu8.com/S/PEP\">PepsiCo</a>.</p><p>The 500-mile range Tesla Semi features three electric motors, with one of them driving the truck for most of a trip and the other two used mostly for acceleration, torque and hard pulling. Tesla Semi Program manager Dan Priestley detailed that the three motors are used to create a smooth driving experience that will be unique for a Class 8 truck. The company has said previously the Semi can achieve better than 2 kWh-per-mile efficiency, which works out to about $70K in fuel savings per year depending on their cost of electricity.</p><h3>RBC Capital Downgrades DoorDash Due to Tough 2023 Setup</h3><p><a href=\"https://laohu8.com/S/DASH\">DoorDash</a> fell in early trading on Friday after RBC Capital Markets cut its rating on the food delivery specialist to Sector Perform from Outperform.</p><p>Analyst Brad Erickson and team said they are not playing themacro card with the downgrade but pointed to a combination of evidence of slowing core order growth, limited EBITDA downside support and channel checks that indicated Uber is competing better in Manhattan as a proxy for overall performance.</p><h3>Marvell Stock Sinks as Earnings Fall Short</h3><p><a href=\"https://laohu8.com/S/MRVL\">Marvell Technology</a> shares were sinking 6% premarket after the data-center semiconductor firm’s earnings and outlook disappointed Wall Street. The company said makers of storage equipment are reducing their stockpiles of chips, hurting its near-term results.</p><p>Marvell reported October quarter non-GAAP net income of $491.5 million, or 57 cents a share. Analysts polled by FactSet had forecast adjusted earnings of 59 cents a share. Revenue of $1.54 billion was a touch below estimates of $1.55 billion.</p><h3>UiPath Stock Pops 14% Premarket As Results Top Street View</h3><p><a href=\"https://laohu8.com/S/PATH\">UiPath Inc.</a> shares rallied 9.8% in premarket trading after the “software robot” provider’s quarterly results and outlook topped Wall Street estimates.</p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{},"source_url":"","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1172945185","content_text":"U.S. stock index futures edged lower on Friday. Payrolls rose by 263,000 in November, more than expected despite Fed rate hikes.Market SnapshotDow e-minis were down 452 points, or 1.31%, S&P 500 e-minis were down 56.5 points, or 1.38%, and Nasdaq 100 e-minis were down 260.25 points, or 2.16%.Pre-Market MoversMarvell Technology – The chip maker’s stock slid 4.9% in the premarket after quarterly sales and profit fell short of Wall Street estimates. Marvell also issued a weaker than expected outlook. InventoryZscaler – The cloud security company reported a better than expected quarter, but its stock slumped 9.1% in premarket trading following conservative guidance. Zscaler said customers are taking longer to close new deals, and that it faces other headwinds as well.Horizon Therapeutics – The drug maker’s shares added 3.2% in premarket action afterSanofi(SNY) said that if it decided to make an offer for Horizon, it would be an all-cash offer. Horizon shares had soared 27.3% last Friday on news that it was in talks with several potential takeover partners.DoorDash – DoorDash shares fell 2.8% in premarket trading after RBC Capital Markets downgraded the stock to “sector perform” from “outperform.” RBC praises the delivery service’s execution and management but says it is uncomfortable with the current valuation given the potential for order deceleration.Rigel Pharma – Rigel’s stock soared 34% in the premarket after the FDA approved its drug to treat a certain type of leukemia.Opendoor Technologies – The digital real estate platform operator named Chief Financial Officer Carrie Wheeler as its new CEO, replacing company co-founder Eric Wu. Wu will transition into the role of “president of marketplace.” Opendoor lost 2.7% in premarket action.PagerDuty – The cloud computing company’s stock jumped 6.6% in premarket trading after it reported an unexpected quarterly profit.Asana – The work management platform operator forecast weaker than expected current quarter sales, stemming from what it called “macroeconomic cross currents.” Asana slumped 14.4% in the premarket.Owens Corning – The building and construction materials maker announced a 50% quarterly dividend increase to 52 cents per share, as well as a buyback program of up to 10 million shares.Market NewsBuffett-Backed BYD Reported Nov Sales Growth of ~153% Y/YBYD sold 230,427 new energy vehicles (NEVs) in November, a new all-time high and the third consecutive month of over 200,000 units.This is up 152.61 percent from 91,219 vehicles in the same month last year and up 5.8 percent from 217,816 vehicles in October, according to an HKEX announcement today.Tesla Delivers First Semi Truck to PepsiCoTesla announced at an event late on Thursday the delivery of its first electric semis to PepsiCo.The 500-mile range Tesla Semi features three electric motors, with one of them driving the truck for most of a trip and the other two used mostly for acceleration, torque and hard pulling. Tesla Semi Program manager Dan Priestley detailed that the three motors are used to create a smooth driving experience that will be unique for a Class 8 truck. The company has said previously the Semi can achieve better than 2 kWh-per-mile efficiency, which works out to about $70K in fuel savings per year depending on their cost of electricity.RBC Capital Downgrades DoorDash Due to Tough 2023 SetupDoorDash fell in early trading on Friday after RBC Capital Markets cut its rating on the food delivery specialist to Sector Perform from Outperform.Analyst Brad Erickson and team said they are not playing themacro card with the downgrade but pointed to a combination of evidence of slowing core order growth, limited EBITDA downside support and channel checks that indicated Uber is competing better in Manhattan as a proxy for overall performance.Marvell Stock Sinks as Earnings Fall ShortMarvell Technology shares were sinking 6% premarket after the data-center semiconductor firm’s earnings and outlook disappointed Wall Street. The company said makers of storage equipment are reducing their stockpiles of chips, hurting its near-term results.Marvell reported October quarter non-GAAP net income of $491.5 million, or 57 cents a share. Analysts polled by FactSet had forecast adjusted earnings of 59 cents a share. Revenue of $1.54 billion was a touch below estimates of $1.55 billion.UiPath Stock Pops 14% Premarket As Results Top Street ViewUiPath Inc. shares rallied 9.8% in premarket trading after the “software robot” provider’s quarterly results and outlook topped Wall Street estimates.","news_type":1},"isVote":1,"tweetType":1,"viewCount":650,"commentLimit":10,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"symbols":[],"verified":2,"subType":0,"readableState":1,"langContent":"EN","currentLanguage":"EN","warmUpFlag":false,"orderFlag":false,"shareable":true,"causeOfNotShareable":"","featuresForAnalytics":[],"commentAndTweetFlag":false,"andRepostAutoSelectedFlag":false,"upFlag":false,"length":2,"xxTargetLangEnum":"ORIG"},"commentList":[{"id":105041154,"commentId":"105041154","gmtCreate":1669990725666,"gmtModify":1669990739074,"authorId":3574829133892207,"author":{"id":3574829133892207,"idStr":"3574829133892207","authorId":3574829133892207,"name":"OH WEI XIANG","avatar":"https://static.tigerbbs.com/999ecefe022ab8cb9f4c76c1f852fa86","vip":1,"currentWearingBadge":{"badgeId":"1026c425416b44e0aac28c11a0848493-2","templateUuid":"1026c425416b44e0aac28c11a0848493","name":"Senior Tiger","description":"Join the tiger community for 1000 days","bigImgUrl":"https://static.tigerbbs.com/0063fb68ea29c9ae6858c58630e182d5","smallImgUrl":"https://static.tigerbbs.com/96c699a93be4214d4b49aea6a5a5d1a4","grayImgUrl":"https://static.tigerbbs.com/35b0e542a9ff77046ed69ef602bc105d","redirectLinkEnabled":0,"hasAllocated":1,"isWearing":1,"stampPosition":0,"hasStamp":0,"allocationCount":1,"allocatedDate":"2023.10.25","individualDisplayEnabled":0,"individualDisplaySort":0,"categoryType":1001},"crmLevel":4,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":9965555868,"objectIdStr":"9965555868","type":1,"supId":0,"supIdStr":"0","prevId":0,"prevIdStr":"0","content":"<span class=\"s1\">K</span>","text":"<span class=\"s1\">K</span>","html":"<span class=\"s1\">K</span>","likeSize":0,"commentSize":0,"subComments":[],"verified":10,"allocateAmount":0,"commentType":"invalid","coins":0,"score":0}],"hasMoreComment":true,"orderType":2}